February 11, 2016

Alberta NDP’s $2.6M royalty review: Was it worth it? Nothing gained, but billions lost

Holly NicholasRebel Commentator

According to the NDP, the royalty review solidified what Albertans already knew – that we are getting our fair share.

Was the $2.96 million royalty review worth it? What happened to investments and the way the world views Alberta as a place to do business in the oil and gas industry, as a result of the review?

Alberta fell from 16th to 38th most attractive jurisdiction in the world, where Alberta was once considered Canada’s economic leader in GDP. Crescent Point Energy was the first to state that they would move their capital due to the royalty review, which they ended up following up on. Encana’s Duvernay gas plant was deferred and Pengrowth also reduced its capital by a range of $190 to $210 million for the year in 2015 and quoted the royalty and climate change reviews as a direct cause.

Remember those times Rachel Notley and Shannon Phillips insisted that Albertans weren’t getting their fair share of royalties? Well, frankly the billions of dollars in investment and the uncertainty that it caused weren’t worth the cost of finding out the opposite.


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commented 2016-02-11 18:54:12 -0500
@justins diary
Dear Justin
I am sending you this letter to apologize to you. I have been highly critical of you in the past, but good news I’m joining your side.
I see your going to enact new voting procedures that will ensure liberalism for eternity -so “What the hell”.
Listen I got some good ideas that will make you more popular then you allredy are right now.
How would you like to be known as the only world leader to turn climate change around and bring back the good ole days before Harper got elected and forced his new age industrial revolution on us and almost killed the planet.
This is what you do.
When you collect all the carbon taxes from us every month, you put the money in big suitcases or big green bags and you take them over to Clair martins office at the CBC -She’s whether lady over there you know,
-at first the loads will be lots and heavy ,but after awhile don’t worry,there will be less stuff to haul over—could just zip it over in the anteek Mercedes , and don’t tell Gerald – not for awhile-he’d just want to blow the money on wind mills., and get the cbc to make a mini documentary of you bringing the money ect.-they can show this before the next election .,where was I-oh yeah
Clare Martin will phone MOTHER NATURE for an appointment ,then she will take the money over to her place and hand it over.
Now Claire Marten brought her two friends with her-thePRINCESPOOL WARIOR and LIZZY MAE BORDEN-the DAVOS BOO!ZERR
There were four guards on the out side gate 2were imams -2 were Indian Chiefs ,they took their toll and were let in., there were other toll takers on the in side of the gate.,anti-pipeline cos. ,Sierra club was there ,DAVID was there and a bunch of lessers of that sort,and they took there toll,. Finally they were lead down the garden path and up the steps of MOTHER NATURES castle ,knocked on the door and 4 obvious cloned small beings like E T appeared ,but their faces were of the likeatude of ORVILLE REDENBACHER-like all wizzeled up. They took the money and we’re off wiggling down the hall in their mini skirts. The door slammed shut. Next.
Now MOTHER NATURE has a big round stone in her garden called the HOLY STONE,this stone is surrounded by always freshly transplanted evergreen trees attended by young hippie looking kids with bandannas on their heads chanting —peace man-v fingers out.
Now while Claire Martin and the princess WARIOR are humming and chanting , LIZZY MAE BORDEN gives the HOLLY STONE 40 wacks and WALL-LA-winter starts to return-big cracking noises are heard all across Canada ,like full on ice age climate returning like the days before STEVEN HARPER.
The polar bears will start coming back ,you’ll be a big hero with the young school kids and their teachers . BOB and DOUG McKENZIE will come home., oh the return of the glory days of the great white north., and maybe because you got a pen and a selfie phone you could arbitrarily reinstate by force the old 6-team N H L hockey league -bring back the old guys like -GORDY HOWE,GARY NEILSON! TIM HORTEN, BOBBY ORE, GUMP WORSLEY! The HULL BOYS-not Brett though. I digress .where was I oh oh oh yeah, another idea, you could hold a press conference in Calgary ,along with the Arab women knot! Ly.
You’ll be hardly able to contain your self as you rush headlong for SHEILA GUNN REIDS and HOLLY NICOLAS’s REBEL mikes,and totally ignoring cbc ctv and global to announce with a big grin that all restrictions and all moratoriums on all pipelines are lifted -you can put pipelines where ever you want in Alberta and Saskatchewan .,
-knowing full well the ground is frozen harder then a N W T diamond to a depth of 300 feet —pretty tricky huh . It’ll get you out of that nasty mess with the national energy board.
I hope I get a little sumpin sumpin outta this. Your my hero Justin
Now listen I know you have an average of 22 selfie meetings a day and your attention span is short and that you have H D S as well as A D D ,to much to post all my ideas in one letter
Luv you. Lloydie
commented 2016-02-11 18:20:42 -0500
Holly, that picture of our corrupt government could be used as Billboard. Just put a big red cross through the wording, and add the words NOT supporting jobs or family, unless you are union.
commented 2016-02-11 17:22:36 -0500
The left wing has no idea how to make money. They only understand that those with more should give it all up. So when a recession hits, the left wing will just increase taxes, thus driving away all potential investors.
commented 2016-02-11 13:48:04 -0500
Bill Smith – there’s no cash left to grab! She’s running up Alberta’s tab at an alarming rate. She has been taking advice from that communist Wynnie, and all those anti-oil assholes that she imported in to destroy our economy!
commented 2016-02-11 13:43:34 -0500
Actually, the ‘review’ did reveal something to the NDP… in notley’s own words, she learnt that “NOW is not the right time for a cash-grab”… so it’s just a matter of time.
commented 2016-02-11 11:49:47 -0500
HOLY HELL HOLLY! You and SHELIA should have your REBELS west studio,located half way between redmonton and calistan. Say gasoline ally reddeer. + you guys should show us the shovels you use to dig up the dirty . Maybe we’ll chip in and present you two with a gold plated shovel for news broadcasting excellency,and at the same time you ladies are being honored on a REBELS special, the MSM will Be also honored with Shit Shovels!
commented 2016-02-11 10:03:29 -0500
The union goons ,and the left wing media will fallow this Notlet nut all the way to Greece.
commented 2016-02-11 09:57:48 -0500
the royalty review accomplished exactly what the extreme leftist notley cadre wanted. It collapsed the energy industry for at least a generation. Couple that with 10’s of billions of NEW ndp debt, spending ramping up at a unprecedented pace, unionized bureaucratic interference at every level and untold millions of tax dollars funneled to political insiders and self interest leeches and voila’! you have a dead economy, an impoverished population and a nearly hopeless future. Perfect conditions for socialists to fully show their true inner totalitarian.
commented 2016-02-11 09:57:10 -0500
They knew they accomplished there goal just by saying the words Royalty Review. It was away to keep investors nervous and to scare away business. Rachel should be charged for governing contrary to what the majority want. She is so brainwashed by her ideology that it has rendered her stupid, and unable to lead.
commented 2016-02-11 09:54:23 -0500
The NDP will not be happy until they:

1) grow the public sector by … my guess is … another 15 to 20%

2) reduce the oil & gas sector even more to the end goal of shutting down at least the oilsands.

3) build their solar panel and wind turbine farms at tax payer’s expense. No using Royalty taxes for that, no way! Destroy the oil and gas royalty income first, then tax the people to build the “green” energy farms.

4) make Alberta a have-not province. Having lived here all my life, I can safely say that most of Albertans do not want Alberta to be a welfare province.
commented 2016-02-11 09:45:36 -0500
No, Holly, the NDP did not learn. They accomplished their goal even if they did not raise the Royalty rate … they successfully managed to stop billions in investment into Alberta that was once slated for new projects and upgrades. The NDP policy is to cease new investments as Brian Topp had clearly stated a few years ago. But instead of them having to take direct action to stop the projects, the review scared off the investment. NDP mission accomplished.

The NDP are just living out their deluded hair brained schemes and world, but it is the stupid voters that voted for these fools that are to take the highest blame.
commented 2016-02-11 09:42:16 -0500
At least they let the Energy Minister out of her room for the announcement, granted she is pushed way off to the side from blonde bimbette like an elderly aunt bimbette is embarrassed by, as opposed to being right behind bimbette like the environment minister always is. But at least Margaret was let out for some air.
commented 2016-02-11 09:22:42 -0500
if feel bad for Alberta. I have fond memories from being posted to Greisbach in Edmonton. I just can’t wrap my head around how Alberta became NDP territory. nor can I tell who is worse, the scissoring wynne or nutty notley….
commented 2016-02-11 09:14:43 -0500
How can they seriously have that sign? They’re only lying and fooling themselves and the brainwashed ones who would blindly follow them off a cliff.